International Trade Services

Hassle Free, Customized Options

Make the most of your business banking relationship with a bank that offers convenience, value and flexibility for you and your business. Here at US Metro Bank, we are aware of this; and regardless of the size of your business, we offer you hassle free, customized banking options to better manage your business cash flow.

“We build our banks around people not numbers.”

Import & Export Letter of Credit

An Irrevocable Letter of Credit is a written instrument issued by a Bank at the request of its customer or the Importer (Buyer).

The Bank promises to pay Exporter (the Seller or Beneficiary) for goods or services provided that the exporter presents all documents called for exactly as stipulated in the Letter of Credit and meets all other terms and conditions set out in the Letter of Credit.

Transferable Letter of Credit

A Transferable Letter of Credit is used when the Beneficiary of an L/C is not the actual Supplier of the goods, and this transferable L/C permits an initial beneficiary to transfer some or all the credit that is due to a second party.

Standby Letter of Credit

A Standby Letter of Credit functions as an assurance that an applicant will carry out the obligations affirmed within a contract.

This letter of Credit guarantees for various collateral purposes such as security deposit. If Standby Letter of Credit guarantees performance, such as the delivery of certain service or goods within a certain period.

Documentary Collection (D/A, D/P)

A product that allows a seller (Drawer) to give their bank instructions to forward trade-related documents to the bank of buyer (Drawee). Bank acts as an intermediary to the exchange of title documents for payment but is not obligated to pay.

Therefore, this Documentary collection reduces the risk of paying for goods before receiving documents.

D/P: Documents against Payment – Documents released only if the importer makes payment immediately according to the contracted agreement between the importer and exporter.

D/A: Documentary against Acceptance – Documents released only if the importer accepts the accompanying draft (Bills of Exchange), thereby incurring an obligation to pay at a specified future date.

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Hassle Free, Customized Options

Find out more about custom products and services to meet your business needs.